Twitter has implemented a new function that allows users to quickly find the current value of Bitcoin (BTC) and Ethereum (ETH) just by typing their names or symbols in the search box.
“$Cashtags” has been improved with the new feature and was announced on Dec. 21 by Twitter Business.
People who tweet symbols for major stocks, exchange-traded funds, or cryptocurrencies will now be able to click on links to view pricing graphs for these symbols whenever the symbol has the dollar sign $ in front of it.
Additionally, the price graph can be viewed by simply searching the ticker symbol for stock or crypto.
After the new feature was announced, Twitter & Tesla CEO Elon Musk announced it in a tweet on Dec. 22, saying, “this is just one of many improvements coming to financial Twitter.”
Bitcoin and Ethereum appear to be the only two cryptocurrencies with price charts at the time of writing. Other top cryptocurrencies didn’t make the cut, including Musk’s favorite, Dogecoin.
In the meantime, Twitter Business said that it expects to improve user experience and expand its symbol coverage “in the coming weeks.”
Charts are sourced from TradingView, a trading analysis platform. Price charts also include a link to Robinhood in the bottom left-hand corner, indicating that the retail trading platform has partnered with Twitter.
It includes a link that states “Sign Up to Buy Ethereum” below the price chart for ETH. The same link is provided for Bitcoin as well.
Neither Twitter nor Robinhood has disclosed details about their partnership.
Robinhood may see more traffic thanks to Twitter’s price chart integration, as #Bitcoin is tweeted approximately 120,000 times daily.
In comparison, Ethereum is around the 25,000 level.
There has been a rumor circulating lately about Twitter’s intentions to create a native cryptocurrency, “Twitter Coin,” which could be used as a means of payment on Twitter’s platform in the future.
On December 4, a rumor began circulating that Elon Musk may be planning something significant for Twitter – the integration of cryptocurrency-based payments.
The news came just a week after Musk shared a glimpse of what “Twitter 2.0” may look like, sparking speculation that he was in the process of developing a cryptocurrency-based payment system for the popular social media platform.
While nothing has been officially confirmed, many believe that Musk is working on something big, and the potential for Twitter to accept cryptocurrency payments could be a game-changer for the platform.